SelectQuote (NYSE:SLQT) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of SelectQuote (NYSE:SLQT - Free Report) in a report published on Friday,Benzinga reports. They currently have a $4.00 price target on the stock.

Separately, Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a "buy" rating and a $4.50 price objective on the stock.

SelectQuote Trading Up 9.6 %

NYSE:SLQT traded up $0.25 during trading hours on Friday, hitting $2.86. 1,169,143 shares of the company were exchanged, compared to its average volume of 1,113,366. SelectQuote has a one year low of $1.03 and a one year high of $4.46. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $490.50 million, a price-to-earnings ratio of -10.21 and a beta of 1.06. The company has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $2.88.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same period in the prior year, the business earned ($0.19) EPS. Sell-side analysts expect that SelectQuote will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its position in SelectQuote by 229.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company's stock valued at $2,323,000 after acquiring an additional 808,850 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of SelectQuote by 85.5% in the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company's stock worth $1,132,000 after purchasing an additional 189,029 shares during the last quarter. KCM Investment Advisors LLC bought a new position in shares of SelectQuote in the third quarter valued at approximately $608,000. Creative Planning boosted its position in shares of SelectQuote by 6.6% during the third quarter. Creative Planning now owns 100,019 shares of the company's stock valued at $217,000 after buying an additional 6,150 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company's stock worth $1,305,000 after buying an additional 58,481 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.